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Subsequent Events | 12 Months Ended
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Dec. 31, 2016
Subsequent Events [Abstract] |
Subsequent Events |
19. | Subsequent Events
On February 17, 2017, the Company’s Board of Directors authorized a dividend of 44¢ per share to shareholders of record on March 17, 2017. From January 1, 2017 through February 17, 2017, the Company repurchased 633,600 shares of its common stock for $31.5 million in the open market. The average price per share purchased was $49.67. These purchases were funded with cash on hand. At February 17, 2017, $27.5 million remained authorized for future share repurchases. The Company’s management has evaluated transactions occurring subsequent to December 31, 2016 and determined that there were no events or transactions during that period that would have a material impact on the Company’s results of operations or financial position.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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